Updated Dec 20, 2023
Michael Kim Acquires Multifamily Property In San Jose For $9.1M
51 Glen Eyrie Avenue, San Jose, California 95125, United States
$9,088,000
$603/SF
Building Size
15,056 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The multifamily property located at 51 Glen Eyrie Ave in San Jose, CA was recently sold in a closed transaction. The property spans a total of 15,056 square feet and was sold for a price of $9,088,000, resulting in a price per square foot of $603.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,088,000
- Address: 51 Glen Eyrie Ave
- Market: San Jose, CA
- Square Footage: 15,056
- Buyer: Michael Kim
- Seller: John Peterson & Jamie D'Alessandro
Michael Kim emerged as the buyer in this transaction, while John Peterson & Jamie D'Alessandro acted as the sellers. The deal represents a significant investment in the multifamily property market in San Jose, CA.
On the Map
$9,088,000
$603/SF
MultiFamily
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San Jose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93